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5229 S Hwy 87
Milton, FL 32583
Land For Sale
·
3.87 AC
Investment Highlights
- Hwy 87 AADT 15700
- .03 Miles to I-10 Interchange
- Curb Cut
Executive Summary
Hwy 87 has become a major site for expansion in Santa Rosa County with the continued growth and development of the industrial parks found along the hwy 87/ I-10/Hwy 90 corridor in Milton, FL. Santa Rosa County is the 8th fastest growing county in Florida and boasts the 4th highest median household income, along with a Grade A school system, and low business costs according to the Santa Rosa EDC.
Property Facts
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Condition | High Vacancy Property | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 3.87 AC |
| Property Type | Land | ||
| Zoning | HCD - Highway Commercial | ||
| Sale Type | Investment |
| Sale Condition | High Vacancy Property |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 3.87 AC |
| Zoning | HCD - Highway Commercial |
1 Lot Available
Lot
| Price | $2,000,000 | Lot Size | 3.87 AC |
| Price Per AC | $516,795.87 |
| Price | $2,000,000 |
| Price Per AC | $516,795.87 |
| Lot Size | 3.87 AC |
Description
Development Opportunity just north of the Hwy 87 & I-10 Interchange in Santa Rosa County. This 3.87 Acres is zoned Highway Commercial Development (HCD) and is approximatly 800 feet north on of the 87/I-10 Interchange on the west bound side of Hwy 87. The I-10/Hwy 87 corridor of Santa Rosa County is seeing extensive growth due to the increased demand for housing and the continued development of multiple distribution centers along the Hwy 87 corridor. Demographics within a 5 mile radius include a House Hold Income of $99,125 and a Total Population of 19,404 with new housing developments underway witin the surrounding area.
Property Taxes
| Parcel Number | 05-1N-27-0000-00124-0000 | Improvements Assessment | $0 |
| Land Assessment | $246,240 | Total Assessment | $246,240 |
Property Taxes
Parcel Number
05-1N-27-0000-00124-0000
Land Assessment
$246,240
Improvements Assessment
$0
Total Assessment
$246,240
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